Commercial Property For Sale in Arcadia, Pretoria

Property description

#Exclusivemandate
Investment opportunity!!!

The property consists of the following:

-A total of 24 units split into 12 Standard rooms @R550 per night, 9 deluxe rooms @R600 per night and 3 Luxury rooms @R650 per night
-Every room has an en-suite bathroom (shower, toilet and basin), a fridge, television, Aircon and kettle
-There is an on-site laundry room and communal kitchen
-Reception area, guard house/flat and ample guest parking
-CCTV, Wifi, Electric fencing
-The Guatrain and University of Pretoria is 2 blocks away and a number of embassies surround the property making it a great location for students and embassy clients/staff
-The property has three phase electricity and a jojo tank

Looking at the occupancy rates over the last twevle months we are looking at roughly 70% occupancy which is very good going
Turnover, expense and net profits per month can be discussed